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Altech Chemicals Ltd

ASX:ATC ISIN:AU000000ATC9

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has received the Certificate of Grant for an Innovation Patent from the Australian Patent Office, for the Company's process of producing high purity alumina from kaolin (aluminous clay). Altech originally filed the patent titled 'A Method for the Preparation of Alumina' in October 2014.

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on the progress of detailed project due diligence by an independent technical consultant appointed by the proposed mezzanine debt and steam facility providers.

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide details of recent developments and the outlook for high purity alumina demand in the lithium-ion battery sector following its attendance at BATTERY OSAKA, a three-day international rechargeable battery exhibition held in Osaka, Japan.

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that a geotechnical ground drilling and survey program that commenced in mid-August 2018 at the site of its proposed high purity alumina (HPA) plant in Johor, Malaysia is well advanced and nearing completion.

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce the completion of an official ground breaking ceremony marking the commencement of Stage 1 construction of its proposed high purity alumina plant in Johor, Malaysia.